Future FinTech Group Inc. (NASDAQ:FTFT) Short Interest Up 167.3% in April

Future FinTech Group Inc. (NASDAQ:FTFT) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 122,080 shares, a growth of 167.3% from the April 15th total of 45,678 shares. Currently, 2.4% of the shares of the company are sold short. Based on an average daily trading volume, of 353,997 shares, the days-to-cover ratio is currently 0.3 days.

Future FinTech Group Price Performance

Future FinTech Group stock opened at $1.20 on Friday. The company has a market capitalization of $6.29 million, a PE ratio of -0.02 and a beta of 1.84. Future FinTech Group has a one year low of $1.00 and a one year high of $16.12. The business has a 50 day simple moving average of $1.36 and a 200 day simple moving average of $2.81.

Future FinTech Group (NASDAQ:FTFT) last posted its earnings results on Friday, May 15th. The company reported ($0.25) EPS for the quarter. The company had revenue of $0.21 million for the quarter. Future FinTech Group had a negative return on equity of 127.23% and a negative net margin of 120.63%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Future FinTech Group in a report on Friday, March 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Future FinTech Group presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Future FinTech Group

A hedge fund recently bought a new stake in Future FinTech Group stock. XTX Topco Ltd acquired a new stake in Future FinTech Group Inc. (NASDAQ:FTFT) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 25,901 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned about 0.75% of Future FinTech Group as of its most recent filing with the SEC. Hedge funds and other institutional investors own 0.19% of the company’s stock.

About Future FinTech Group

Future FinTech Group Inc, incorporated in 2010 and headquartered in Shanghai, China, is an investment holding company listed on the NASDAQ under the symbol FTFT. Since its initial public offering in April 2017, the company has pursued a diversified growth strategy that spans beverage and agricultural production, digital asset operations, and consumer financial services. Future FinTech’s business model centers on acquiring and developing brands and technologies that align with evolving consumer and industrial trends.

In its beverage and agriculture segment, Future FinTech develops, manufactures and distributes a range of functional beverages, including coffee products under the CBK brand and hemp-infused offerings under the Hemp & Coffee label.